Latest News

Planning for End-of-Life, Why It’s a Necessity

Talking, let alone planning for the end of your life is tough, but it’s something that you should be thinking about. In addition to purchasing Life Insurance, which can provide a financial safety net for survivors, it is also prudent to have needed documentation in place.   As explains, there are four “end of life” documents you should be aware of.  In this blog we’ll explain what the documents are and why they’re important. 


1. Durable Power of Attorney

This document helps name someone who is legal responsible to conduct business, legal and financial matters in your name until you die. This document is important, if for example you are incapacitated by an accident or illness and are not able to make decisions for yourself. 


2. Appoint a Health Care Representative

This document is similar to the one before, only this one allows someone to make health-care decisions for you if you are unable to do so yourself. The person you appoint would be able to review health records, authorize admission to or discharge you from a hospital. They also would be able to make decisions about life-sustaining medical procedures for you. This is important to plan for, to avoid family arguments and to make sure that your wishes will be followed out even in the event that you aren’t able to answer for yourself. 


3. Living Will

It’s always a good idea to have your wishes in writing so that if you are unable to articulate them a doctor will be able to read them from the document. 


4. A will or revocable living trust

Like a living will, a living trust puts in writing who will inherit your assets when you die. If you do not have this document the government could decide for you how and to whom your assets go to when you die. 


These documents may seem daunting, but to ensure that you have the proper documents in place its always in good practice to meet with a qualified legal advisor to make sure you meet the requirements for your state.  If you have not purchased the Life Insurance you need, your local Georgia Farm Bureau agent is an expert you can rely on.